Prediction: President-elect Donald Trump's Plan to Cancel Tax Credits on Electric Vehicles Will Help Tesla
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The article discusses the potential impact of President-elect Donald Trump's plan to cancel tax credits for electric vehicles (EVs) on Tesla. It references the Inflation Reduction Act (IRA) signed by President Joe Biden, which includes tax credits for EVs.
November 26, 2024 | 2:00 am
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The potential cancellation of EV tax credits by President-elect Trump could impact Tesla, as these credits are part of the Inflation Reduction Act signed by President Biden.
Tesla benefits from EV tax credits as part of the Inflation Reduction Act. The cancellation of these credits could reduce incentives for consumers to purchase Tesla vehicles, potentially impacting sales negatively.
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